Ally lowers rates on its no-penalty, 11-month CD; top tier now only 1.5%

Ally Bank previously had a 1.75% APY promotion for the top tier of its no-penalty CD which ended on January 2nd, at which time the rate returned to 1.6%, which was still better than CIT’s no-penalty CD rate of 1.55%, so long as you were investing at least $25K. Unfortunately, Ally has again lowered the rates by 10 basis points on the top two tiers of its no-penalty, 11-month CD. So the tiers now look like this: